Just want to see if I am understanding this correctly. The chinese yuan is forced artificially low so that they can be more competitive in the manufacturing world markets. This is upsetting the US manufacturers because, well, china just isn't playing fair. BUT, the U.S. has a huge debt to China because they are the biggest purchasers of U.S. debt. Therefore, if the Chinese Yuan does go up in value, does that not mean the U.S. will owe MORE money to China?
So is it more advantagous for the U.S. for the Yuan to go up or down?
2007-01-03
10:34:29
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6 answers
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asked by
nutty
3